Enjoy Illinois? (Yahoo 24/7 Wall Street Rankings of States)
The latest report by 24/7
Wall Street on the best-and-worst-run states in the Union serves as a reminder
of how Illinois historically got to where it currently ranks - #48 out of
50. Well, at least we’re not last? (The Best and Worst Run States in America).
In their annual report, Yahoo
Finance sifted through hundreds of data sets to determine the relative
fiscal/economic positions of each of the fifty states, using information on
“financial health, standard of living, and government services…” Qualifiers
like those would shake the fiber of anyone in the know in the General
Assembly. Furthermore, Yahoo authors
warn that the “successful management of a state is difficult to measure. Factors
that affect its finances and its population may be the results of decisions
made years ago.” Amen!
Finally, the report also
notes, “There is a strong correlation between well-educated populations and
generally well-managed states. Of the
ten best scoring states on our lists, nine have among the highest percentage of
adults with high school diplomas.” Currently,
Illinois resides at number 32 out of 50 in education according to
Education Statistics.
It should be disconcerting
for anyone living in Illinois to consider that the General Assembly and
Governor Quinn have worked in the last two years to severely diminish the
benefits and salaries of educators in the state. Augmenting that, bills before the General
Assembly in the Veto Session or lame-duck January Session (or later) would
provide significant reason for promising future educators to seriously consider
teaching outside of Illinois. Why work
where you pay out more in contribution than you will get in return, face
draconian cuts for not toiling until 67, and lose cost-of-living benefits which
would stave off inflation?
And the state winners are:
The top five states in the
United States include North Dakota
(with no budget deficit), Wyoming
(Unemployment 6.0%/7th lowest), Nebraska
(debt per capita $1279/2nd lowest), Utah (only member of winners with flat tax), Iowa (median household income $49,427/24th highest).
The losers include California (lowest bond rating in
U.S.), Rhode Island (debt per capita
$9018/ 3rd highest), Arizona
(budget deficit 39%/3rd largest), New Jersey (Unemployment 9.3/ 14th highest), and (see below)
– Illinois.
Illinois:
Debt per capita: $4790 – 11th highest
Budget Deficit: 40.2% (2nd largest)
Unemployment: 9.8% (tied – 10th highest)
Median Household Income: $53,234 (18th
highest)
Pct. Below Poverty Line: 15% (25th highest)
After
fully funding the pensions for the first time in decades for just two
consecutive years (2011, 2012), Governor Quinn and the General Assembly are
working feverishly – from metaphorical pythons to coercive choices between
health care of COLA’s - to make retirement
something of the past for public service employees.
Want a good education? Look for a good educator.
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